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The Financial Stability Board’s work on Shadow Banking:
At its July Plenary meeting in Paris on 18 July, the Financial Stability Board (FSB) approved the initial recommendations for strengthening the oversight and regulation of the shadow banking system prepared by its Shadow Banking Task Force (hereafter the Task Force).
The initial recommendations for developing a stronger monitoring framework are built on the definition set out in the Background Note entitled Shadow Banking: Scoping the Issues that was published on 12 April, and include high-level principles for the relevant authorities and a stylised monitoring process.[...]
The initial recommendations for developing a stronger monitoring framework are built on the definition set out in the Background Note entitled Shadow Banking: Scoping the Issues that was published on 12 April, and include high-level principles for the relevant authorities and a stylised monitoring process.[...]